Submitted by Steven Schrull on
Compliance with the terms, conditions and reporting requirements of an accounts receivable policy is not only critical to having claims paid but also to early intervention in problem accounts that can increase cash flow and reduce losses.
Submitted by Gene Goudy on
“So, why should I buy this insurance?” is probably one of the most common questions I get asked from potential policy holders. It’s really quite simple, you should buy because of pink slime…. That’s right, pink slime!
Submitted by Steven Schrull on
Credit insurance, when used as a sales expansion tool can provide an outsized return on investment, as measured by the amount of premium paid. A typical midsize business can show increased profits of hundreds of thousands of dollars with modest sales increases due to trade credit insurance.
Submitted by Jeff Mangano on
Trade credit insurance is a financial tool which manages both commercial and political risks that are beyond a company’s control. Balance sheet strength is ensured, cash flows are protected, and loan servicing costs, and asset valuation are enhanced.
A trade credit insurance policy also allows businesses to feel secure in extending more credit to current customers, or to pursue new, larger customers that would have otherwise seemed too risky. It significantly reduces the risk of entering new markets.
Submitted by Steven Schrull on
The ability to transfer the risk of financial nonpayment of a businesses largest asset to a well-rated insurance company opens up several ways to increase revenue. These include the ability to sell more to new and existing customers, increased cash flow, open new markets, provide an alternative to letters of credit and other impediments to sales expansion.